Back

Procedural Issue Substantive Issue

Year the case was initiated2002
Year the award was rendered2004
Country involvedEcuador
Home country of the investorUnited States
Parties to the disputeOccidental Exploration and Production Company v. Ecuador (LCIA Case No. UN3467)
Sector1
Type of investmentoil exploration and production enterprise
Nature of dispute / claim
Legal instrumentEcuador-United States BIT
Rules / VenuesUNCITRAL
Amount sought by investorUS$ 201,563,930
Amount awarded / status of disputeUS$ 71,533,649 awarded plus simple interest of US$ 3,541,280 to 1 January 2004, plus simple interest of 2.75% to date of award;
London Court of Appeal dismissed request for review on 4 July 2007
ArbitratorsFrancisco Orrego Vicuna (Chair); Charles N. Brower; Patrick Barrera Sweeney
Decisions renderedAward issued on 1 July 2004
Statusawarded in favor of the investor
Linkshttp://ita.law.uvic.ca/documents/Oxy-EcuadorFinalAward_001.pdf
http://www.investmentclaims.com/decisions/Occidental_CourtofAppealDecision.rtf
Commentary (if any)
Special features